Agricultural economist and economic policy expert Peter Boamah Otokunor has called for a shift in economic policies to prioritize sectors that directly impact the lives of Ghanaians, particularly agriculture.
Speaking on TV3’s Key Points, he challenged the notion that a 6.3% GDP growth rate accurately reflects economic progress.
“When designing economic policies to address the needs of the people, you must focus on where it matters most, where it directly affects them,” he said, arguing that macroeconomic figures often fail to capture real-life economic struggles.
Using his own experience as an example, Otokunor highlighted the difficulties businesses face due to high interest rates.
“Last year, I wanted to expand my poultry farm and needed some funding… I was looking at an interest rate of about 39%.
“Now, if I’m going to borrow at 39%, considering all the other business factors, how would that business survive?” he questioned.
Source: mynewsgh.com
